President Obama’s appointee to get the country’s new Consumer Financial Protection Bureau up and running spoke today in Louisville. Elizabeth Warren told a group of bankers and other financial officials that the agency will be open for business in July. It was created as part of the financial overhaul package approved last year by Congress.
The proposal by the U.S. Treasury Department to rescue the country’s financial industry is drawing sharp criticism from Kentucky’s junior U.S. Senator. Senator Jim Bunning calls the $700 billion bailout plan “un-American” and says it would replace the free market system with socialism. The Republican says he doesn’t buy the argument that the country would… Continue reading Bunning Calls Bailout Plan "Un-American"